Alaska LNG gains momentum as Trump wields tariff pressure
· Oil & Gas · United States
The long-discussed Alaska LNG project has regained momentum under President Donald Trump, who is using tariff threats to press foreign partners into backing it, according to OilPrice. The project has struggled for decades to secure economically viable backing given its cost and technical complexity; Washington's tariff pressure is now giving it something its economics could not: a potential investor. South Korea is among the partners in the frame. The development matters for global gas supply because Alaska LNG would add a large new export source, but its viability still hinges on whether committed buyers and investors materialize.
Why it matters:If tariff pressure converts into firm commitments, Alaska LNG would become a significant new source of global gas supply and a test of whether trade coercion can substitute for project economics.
Key points
- The project has been discussed for decades but struggled on cost and complexity.
- Trump is using tariff threats to push foreign partners to back it.
- South Korea is among the potential partners cited.
Sources (original reporting)
More stories from this day
- Apollo joins $11.5 billion race for Germany's Uniper
- Diesel crunch fuels new wave of energy nationalism
- Data centers bankroll nuclear power deals in US and Finland
- Nvidia RTX Spark Laptops Launch, Surface Laptop Ultra From $2,599
- Jaguar Unveils £130,000 Type 01 Electric GT, Betting on US Buyers
- PhRMA sues Trump administration over GLOBE drug pricing model